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BEFORE THE

1
HEARINGS
Congress, Senate.
COMMITTEE ON BANKING AND CURRENCY,

UNITED STATES SENATE

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Printed for the use of the Committee on Banking and Currency

50-60944

UNITED STATES
GOVERNMENT PRINTING OFFICE

69197

WASHINGTON : 1950

COMMITTEE ON BANKING AND CURRENCY

BURNET R. MAYBANK, South Carolina, Chairman GLEN H. TAYLOR, Idaho

CHARLES W. TOBEY, New Hampshire J. W. FULBRIGHT, Arkansas

HOMER E. CAPEHART, Indiana A. WILLIS ROBERTSON, Virginia

RALPH E. FLANDERS, Vermont JOHN J. SPARKMAN, Alabama

JOHN W. BRICKER, Ohio
J. ALLEN FREAR, JR., Delaware

IRVING M. IVES, New York
PAUL H. DOUGLAS, Illinois
RUSSELL B. LONG, Louisiana

A. LEE PARSONS, Clerk
Jos. P. MCMURRAY, Staff Director

HBP 4 gan

114

CONTENTS

Page

1

6

8

39

89

94

65

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